Weekly Chart
Weekly chart shows that $FB is in an uptrend (bullish).
Price is between Tenkan Sen (blue line) and Kijun Sen (red line) with Kijun Sen acting as support which suggests a pullback in an uptrend.
Daily Chart
$FB enters Ichimoku Cloud revealing uncertainty and potential cloud support.
Candle closes higher than open which suggests a pullback may be in place.
Hourly Chart
Current price is below Ichimoku Cloud and Tenkan Sen is below Kijun Sen which is bearish.
Pullback is confirmed with price showing support.
Recommendation
Determine amount to invest in $FB by keeping investment below 5% of total capital.
Scale into $FB.
Wednesday, April 29, 2015
$TWTR - A look back since the IPO (updated)
Flat Ichimoku Cloud reveals $TWTR has gone no where and sentiment is bearish.
Tuesday, April 28, 2015
AVOID: Twitter ($TWTR) -With execs using $TWTR as their personal piggy bank, investors should avoid this stock like the plague
Things may get worse and the stock price may find itself in the teens.
Sunday, April 26, 2015
Dow Jones Airlines Index - Delta Air Lines bringing up the rear just like old times
I remember their execs saying it was different this time like all the ones before them.
Saturday, April 25, 2015
Microsoft ($MSFT) blasts through the Ichimoku Cloud
Results that exceeded analyst expectations catapults $MSFT up over 10%.
Facebook ($FB) closed below Kijun Sen on daily chart which is bearish
The signal is considered to be weak sinced it occurred above the cloud.
Dow Transports are at the cusp of breaking through the Ichimoku Cloud
The index has traded sideways since December as revealed by the flat cloud. A break above the cloud with a change from red to green may signal a new trend.
Friday, April 24, 2015
$VIX declines to lowest level in 2015 as the market sets a new high
Don't be afraid to take some profits. The odds start to favor an increase in the $VIX when it reaches low levels which means the odds for a market pullback increase as well.
Thursday, April 23, 2015
AT&T ($T) shot up over 4%, but the weekly chart reveals flat trading since March 2014
Don't be surprised if price falls back into the cloud.
Tuesday, April 21, 2015
Vanguard REIT Index ($VNQ) - Alert
$VNQ has underperformed the S&P 500 over the last 3-months and has about matched it for the last 6-months. If it underperforms for a 1-year period it's time to re-balance to the S&P 500 or a higher performing asset.
Utilities Sector ($XLU) is trading sideways and should be avoided until resistance is broken
Support is around $44 with resistance around $46.
American Airlines ($AAL) issues bullish signal with price closing above the Kumo (cloud)
Chikou Span (green line) crossing the price curve serves as additional confirmation of the signal although it is not as strong since the cross occurred below the cloud. Scale in as usual. The flat top cloud and future cloud imply a potential for sideways trading.
T
T
Subscribe to:
Posts (Atom)